Texas Judge Unfreezes 12,000 Stanford Accounts

DALLAS (CN) – A federal judge in Dallas granted a request by Stanford’s court-appointed receiver to unfreeze about 12,000 Stanford investor accounts held at Pershing LLC. U.S. District Judge David C. Godbey’s order applies to customer accounts valued at less than $250,000 or less as of February 2009, and is effective March 9.